California Could Run Out of Cash By Next Month

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The governor outlined his plans for solving the state's $24 billion budget problem in a rare address to the full legislature on Tuesday.

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Above: What are school districts and cities to do as the state's financial crisis shrinks their budgets? Gloria Penner, host of San Diego Week, asks local editors.

Governor Schwarzenegger gave a rare address to the full legislature on Tuesday. He outlined his plans for solving the state's $24 billion budget problem. Legislative leaders on both sides of the aisle were quick to weigh in. Marianne Russ reports.